GXY 0.00% $5.28 galaxy resources limited

IMO, this CR has the hallmark of a cheap buyout (thank you...

  1. 22,736 Posts.
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    IMO, this CR has the hallmark of a cheap buyout (thank you retail investors etc.)
    because
    (a) The board is at least half Chinese
    (b) When there was a prospect of SP rising, Li 1 buyout & cap raise happened
    knocking down the SP
    (c) Now the GXY is on brink of being cashflow positive, another CR
    taking 2 x Chinese investors, ( one 19.8% and another 19.3%) close
    to the bid threshold. Had they bought this share of the company on the
    open market, it would have driven the SP close to $2 IMO.

    Should a takeover bid arrive under $1.20, I would be very concerned and
    I would likely express that concern to ASIC, the FIRB and the Treasurer.

    With kind regards
    Moorookamick
 
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Currently unlisted public company.

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